The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated due to the Covid-19 pandemic, rising by 17 percent to $8.4 billion from 2015 to 2020, a report has said. The Boston Consulting Group (BCG) report, "Global Payments 2021: All...

A top law official in the UAE has detailed several cases where the judicial system fined and jailed people for financial irregularities, and recovered sums to the tune of millions of dirhams from them. Many such people were also deported.

This is bad news for Lebanon, which had been counting on financial assistance from the Gulf to rescue its economy. Now, its ties have soured with four countries in the neighborhood because of comments made by its Information Minister George Kordahi.

The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.

A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the UAE and Brazil to discuss cooperation and investment opportunities. The Sharjah-Sao Paulo Business Forum on Wednesday highlighted joint investment opportunities, encouraged cooperation and partnerships in various economic sectors. The forum...

The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue Origin, an aerospace manufacturer and spaceflight service company. In this direction, Abdullah bin Touq Al Marri, Minister of Economy, along with Dr. Ahmad Belhoul Al Falasi, Minister of State for...

Lebanese Information Minister George Kordahi had said the Iran-backed Huthi rebels are "defending themselves... against an external aggression" and "homes, villages, funerals and weddings were being bombed" by the coalition.

Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing values of payments processed in both the UAE and Jordan.

People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists.

The UAE’s Al Etihad Credit Bureau has joined hands with online financial aggregator Policybazaar UAE to implement real-time eligibility checks for credit card applications based on the AECB Credit Score and banks’ approval criteria.

ODL uses XRP for instant, low-cost cross-border payments.

The project, which covers 7.2 million square feet of land in Al Rahmaniyah area, builds on the concept of future cities and urban planning, says SSC CEO Yousif Ahmed Al-Mutawa

Amir Lazar, chief of Israeli air force operations, told reporters the drills "don't focus on Iran", but army officials have said the Islamic republic remains Israel's top strategic threat and at the centre of much of its military planning.

The UAE's Ministry of Economy has signed an agreement with LinkedIn for developing a framework for skills-based talent besides identifying, attracting and retaining talent in the Emirates. This agreement is geared towards UAE Strategy for Talent Attraction and Retention in three areas--developing a comprehensive introductory framework for talent based on...

The competent authorities in the two countries will be able to develop specific procedures ensuring the unrestricted movement of vaccinated individuals. This is apparently part of the efforts made by the two countries’ governments to facilitate the safe movement of travelers under the Covid-19 pandemic.

Al Ghurair said that the strong Q2 financial results of the UAE banks was an indication that the banking industry is back on the growth path following the decline in Covid-19 pandemic

The United Arab Emirates, Bahrain, Sudan and Morocco all agreed to normalize ties with Israel in 2020, as Washington under the administration of then US President Donald Trump made Arab-Israeli rapprochement a foreign policy priority.

The UAE prosecutors have begun an investigation into Union Properties, the Dubai-based real estate developer, after allegations arose of the company selling property at less than its real value.

There will be over 2,200 people in the bio-bubble this time.

The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition will take time.

The Meeting will focus on a number of key themes, including investing in the infrastructure for tomorrow such as cross-border connectivity, green financing, resilient healthcare infrastructure and the role of global multilateral institutions in contributing to supporting projects based on ESG principles.

The United Arab Emirates said Friday it had detained a journalist after comments they made off the air ahead of a televised international football match were hacked and posted online. The incident occurred shortly before the state-run Abu Dhabi Sports channel's live broadcast of the UAE-Iraq World Cup qualifying match...

The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.

Non-resident foreign investors can obtain a virtual license for doing business in Abu Dhabi from any location outside the UAE and without having to meet residence procedures. The Abu Dhabi Department of Economic Development (ADDED) made this announcement at the 41st session of the GITEX Global (Dubai 2021). Mohamed Ali...

Etisalat Group and G42 have joined hands to merge their data centers, creating the UAE's largest data center provider. A total of 12 data centers will be merged under the joint venture operating under Khazna Data Centres. G42 and Etisalat Group will each own 60 percent and 40 percent of...

Owing to the decline in the transmission of coronavirus in the country, the United Arab Emirates has decided to relax the restrictions and permit citizens to take part in weddings and gatherings at home.

Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the UAE and fewer Covid restrictions, but a slower rebound in international tourism could be a drag on the economy until the end of 2022.

The agreement is part of the UAE’s endeavors to strengthen and activate means of economic and investment cooperation globally.

Gulf Islamic Investment of UAE will invest $500 million in India over the next three years as it takes steps to set up an office in Bangalore.

The funds will be used to develop and rollout Open Finance platform.

Overall, the Middle East, North Africa and Turkey (MENAT) was the highest-ranking region for the quality of life, with 71 percent of expats recommending it, according to a survey commissioned by HSBC Bank. More than 20,000 expats in 46 countries were questioned for the survey.

Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum (GBF) Africa in Dubai, conducted by the Economist Intelligence Unit, which featured two days of thought-provoking sessions highlighting business opportunities emerging across the continent.

The birthplace of the Arab Spring uprisings, Tunisia has faced years of economic woes exacerbated by the coronavirus pandemic, with 18 percent unemployment and debt verging on 100 percent of gross domestic product.

The historic mosque is being built under UNESCO's "Revive the Spirit of Mosul" initiative for rehabilitating Iraq's second city. UAE has pledged half of the $100 million for the project.

DP World said the agreement with Al Masraf strengthens its commitment to facilitate business activities of more than 8700 clients operating under the free zone.

As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by the Ministry of Industry and Advanced Technology (MoIAT). The event was the ministry's latest initiative designed to promote partnerships between the UAE and foreign businesses operating in the advanced technology...

Egypt and Algeria have the largest number of Nobel winners in the Arab world, while Saudi Arabia, Qatar and the UAE are yet to produce one.

The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods.

Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the first nine months of the year.

There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data analytics.

The UAE maintains a firm belief that the international community must work together to honor shared commitments towards achieving zero poverty.

The students will learn data science, probability, statistics, linear algebra, python

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing

The UAE has won membership on the UN Human Rights Council for the 2022-2024 term after obtaining 180 votes from countries of the Asia-Pacific group.

Both will work to support the growing fintech market in UAE.

The UAE and South Korea have discussed the prospect of pursuing a Comprehensive Economic Partnership Agreement to strengthen economic ties, enhance investment opportunities, and firm up bilateral cooperation between the two countries.

According to preliminary data released by the Ministry of Economy, the value of non-oil exports alone amounted to AED170 billion during this period, posting a growth of 44 percent compared to H1 2020 and 41 percent more than that of the same period in 2019.

About 70% CEOs in the Middle East believe that lack of digital skills is a threat to their businesses, a PwC survey has pointed out.

Meeting with his Israeli and UAE counterparts, Blinken said that President Joe Biden's administration's policy on Syria was largely focused on humanitarian relief.